Figma (NYSE:FIG) CEO Sells $8,665,000.00 in Stock

Figma, Inc. (NYSE:FIG) CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $34.66, for a total value of $8,665,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dylan Field also recently made the following trade(s):

• On Monday, December 15th, Dylan Field sold 62,500 shares of Figma stock. The shares were sold at an average price of $34.66, for a total value of $2,166,250.00.
• On Monday, November 24th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $34.76, for a total transaction of $2,172,500.00.
• On Monday, November 24th, Dylan Field sold 250,000 shares of Figma stock. The shares were sold at an average price of $34.76, for a total value of $8,690,000.00.
• On Monday, November 17th, Dylan Field sold 3,029,063 shares of Figma stock. The shares were sold at an average price of $37.30, for a total value of $112,984,049.90.

Figma Price Performance

Figma stock traded up $1.47 during mid-day trading on Wednesday, reaching $37.41. The company had a trading volume of 6,066,814 shares, compared to its average volume of 10,289,170. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92. The company has a fifty day moving average of $45.51.

Figma (NYSE:FIG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. During the same quarter last year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 38.0% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group increased their price objective on Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of Figma to a “hold” rating in a research note on Thursday, August 21st. Piper Sandler reduced their target price on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada decreased their target price on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.86.

Institutional Investors Weigh In On Figma

Large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new stake in shares of Figma in the 3rd quarter worth about $3,412,000. VERITY Wealth Advisors purchased a new position in shares of Figma in the 3rd quarter worth about $519,000. Tripletail Wealth Management LLC bought a new stake in Figma during the 3rd quarter valued at about $53,000. Renaissance Capital LLC purchased a new stake in shares of Figma during the third quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Figma in the 3rd quarter worth approximately $39,000.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.